Measuring Entrepreneurship in Developing Countries

Abstract

The role of entrepreneurship in economic development is the subject of much interest to academic and policy circles alike. Entrepreneurship is often credited with many positive changes in developing countries. At the very least, it is associated with job creation, wealth creation, innovation and related welfare effects. A strong small business sector and entrepreneurship are usually linked to a strong economy (Beck et al. 2005). Across developed and developing countries, entrepreneurship has become a critical part of economic development strategies — even goals. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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